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After a long downturn, the economies of transition countries have bounced back with strong output growth and stable fiscal and monetary policies. The group ranges from large countries like Russia, with extensive resources to much smaller countries in Central and Eastern Europe. The change of...
Persistent link: https://www.econbiz.de/10008520710
The paper attempts to verify Richard Goodwin's (1967) endogenous business cycle theory which states that the driving …
Persistent link: https://www.econbiz.de/10008577638
This paper presents a Monte-Carlo study on the practical reliability of numerical algorithms for FIML-estimation in nonlinear econometric models. The performance of different techniques of Hessian approximation in trust-region algorithms is compared regarding their "robustness" against "bad"...
Persistent link: https://www.econbiz.de/10008540113
Demographic and economic characteristics have been shown to provide important predictive power for determining a country’s success in the Olympic Games. This paper extends such research, providing a set of predictions for the gold medals and total medals each country will win at the 2006...
Persistent link: https://www.econbiz.de/10008458497
Happiness research is on the rise, but is confounded by competing definitions of subjective well-being based on co-existing concepts, resulting in differing measures and giving rise to different potential policy applications. This paper motivates the societal necessity for using well-being...
Persistent link: https://www.econbiz.de/10005078654
theory-data confrontation’; while the former a priori approach has flourished in terms of mathematical economics, the … inductive approach has fulfilled its mission through econometrics and experimental economics. The paper outlines the recent … trends in econometrics and experimental economics in the context of empirical pursuit. We conclude the study, reiterating the …
Persistent link: https://www.econbiz.de/10005616720
In this work we found first and second derivative from the log likelihood function of the Multivariate Probit model Multivariante, later these derivatives are implement in Ox to measure the impact of the use of analytical derivatives on the time of estimation in this class of models. En este...
Persistent link: https://www.econbiz.de/10005616958
Mutual Funds are the most common form of investment for the average household. They offer a fair amount of return for a limited amount of risk. Segregated Funds, which are, simply put, mutual funds with additional features, have grown in popularity as of late. It is something of great interest...
Persistent link: https://www.econbiz.de/10005621847
In this paper Sato’s two-level CES production function has been estimated by nonlinear regression carried out through five different methods of optimization, namely, the Hooke-Jeeves Pattern Moves (HJPM), the Hooke-Jeeves-Quasi-Newton (HJQN), the Rosenbrock-Quasi-Newton (RQN), the Differential...
Persistent link: https://www.econbiz.de/10005621933
Several studies have shown the environmental and health impacts of emission of criteria air pollutants such as SO2, NOx, PM, and VOCs. These pollutants are primarily associated with acid rain, ground level ozone or smog, and formation of inhalable particulate. The present study will examine...
Persistent link: https://www.econbiz.de/10005622159